SBI Targets Top 10 Global Banks by Market Cap by 2030
Why in the news
After its record QIP got listed, SBI’s chairman spelled out an ambition to reach the world’s top ten banks by market value by 2030.
Key facts
- QIP size: ₹25,000 crore, the biggest by any Indian company.
- Proceeds lift CET-1 capital to 11.50% from 10.81% (31 March 2025) and fund retail, MSME and corporate credit.
- The board approved raising up to ₹20,000 crore through AT1 and Tier II bonds, with AT1 mainly replacing maturing bonds.
Market cap ranking
| Rank | Bank | Market cap ($ bn) |
|---|---|---|
| 1 | JPMorgan Chase (US) | 810 |
| 10 | Royal Bank of Canada | 188 |
| 11 | HDFC Bank | 178 |
| 17 | ICICI Bank | 122 |
| 27 | State Bank of India | 84 |
Exam angle
- Chairman: C.S. Setty.
- Terms: QIP, CET-1, AT1, Tier II.
- Largest-ever Indian QIP: ₹25,000 crore.